Global Arab IT company set for launch

First project will be virtual city for online trading and social activities

Trust 300's first project will be a virtual online city for trading and social activities.

A new IT company, which is being described as the first global Arab IT company, is set for launch in the UAE next week.

Trust 300 will be launched by a group of partners, with an initial presence in the UAE, Morocco, Egypt, Jordan, India, UK, US, and the Philippines.

The company is being launched under the patronage of HH Sheikha Hind Bint Abdulaziz Al Qassimi, chairperson of UAE Business Women Council and Goodwill Ambassador of the Scientific and Human Development Program; HE Abdul Rahman Saif Al Ghurair, chairman of Dubai Chamber of Commerce and Industry, and under the Abu Dhabi Chamber of Commerce and Industry.

The company says it will offer a wide range of IT products to a global audience, with its first project being a ‘Second Life' style online city.

According to a company statement, the project will be a "comprehensive new 3D City on the Internet that is designed to accommodate 12 million users who can perform their trading and social activities in this city. This virtual city allows companies, corporations and individuals through their commercial 3D retail area to market and sell their products to users using 3D Avatars. The city will target users in 62 cities around the world, and can communicate in 25 languages."

The planned city will include residential areas, shops, universities, schools, hospitals, parks, art galleries, and other amenities, and will be accessible through any web browser.

Trust 300 says it is looking to establish data centres in the Middle East, Africa, and India to support its activities, and to service third parties.

The company says it is backed by experts and advisors from companies including Jones Lang LaSalle, IBM, Cisco, PriceWaterhouseCoopers, and others. The project has also been approved by Kuwait-based Shura Islamic Consultations as Islamic Sharia compliant.

Noor Capital, a financial investment joint stock company licensed by the Central Bank of the UAE, will organize a series of introductory seminars at the Chambers of Commerce and Industry in Abu Dhabi, Dubai, and Sharjah, to introduce prospective shareholders and investors to Trust 300 project's potential high financial returns on investments.

Dr Mohamed Haddad, founder and CEO of Trust 300, commented: "The project is established on a business model that provides high returns for investors. It offers technical infrastructure covers 62 countries where individuals and companies can benefit from launching their ideas or projects easily and economically. For the ongoing development of the project through scientific research, Trust 300 is cooperating with several Arab and global universities in this regard, further we welcome the cooperation of all interested parties either to benefit from the project's infrastructure or to take part in its development."